Recently, a very thrilling interview with Barbara Lutz, who was also listed in F10’s „40 over 40″, appeared in the news magazine “Der Spiegel”. The founder of the Frauen Karriere Index (FKi) was previously a Managing Director in American, French and German listed companies – she knows her way around the corporate world. The discussion focused on the FKi and gender equality, the planned quota for board members and the compatibility of family and career. Barbara Lutz was asked where we stood in terms of gender equality in international comparison. “Germany is on the level of a 70s bungalow.” Bam!
Diversity as a Driver of Innovation
We (unfortunately) still have to discuss it. Right now, with the departure of Jennifer Morgan from SAP, the only female CEO in the DAX became history yet again. This topic will occupy us for a while – especially in Germany. Diversity is certainly seen as an important factor by many companies. But that alone is not enough. It’s about a profound cultural change and with it comes a transformation towards the real pain points. What is crucial here is to objectify the issue. Instead of emotional discussions to measurable, transparent indicators, from which concrete recommendations for action can be established. This is why Barbara Lutz has developed a differentiated, data-based tool, the FKi. Since its launch in 2012, more than 200 companies in eleven countries have been analyzed. At first, the initiative aimed to provide valid information on the dynamics of women’s careers in companies. In the meantime, however, it has also become a key monitoring tool for the general sustainability of a company. “Those, who promote the dynamics of women’s careers in companies create agile structures and cultural openness. This also gives businesses a high degree of innovation and transformation capacity, which makes them attractive for investors” says Barbara Lutz.
The FKi comprises three dimensions: status and dynamics (the number of women in management and potential), commitment (willingness to install women in management levels) and framework conditions (measures that fuel equality). The “Women Career Index” is derived from the overall view and combination of the results.
In 2019, 42 companies were analyzed (see box below) and the top ten were identified from this line-up.
FKi 2019: TOP TEN List
Hewlett Packard Enterprise
Santander Consumer Bank
Intel Deutschland GmbH
Freudenberg Home and Cleaning Solutions GmbH
Investitions Bank Berlin
MTU Aero Engines AG
NTT DATA Deutschland GmbH
Klöckner & Co. SE
GFT Technologies SE
Nestlé Deutschland GmbH
Since its beginning, the FKi has been supported by the Federal Ministry for Families, Senior Citizens, Women and Youth. Minister Dr. Franziska Giffey, the current patroness of the initiative, emphasizes: “Companies have recognized that the promotion of female executives should be a firmly established corporate goal. Because it is the right thing to do to promote women, especially in the current competition for the best professionals. And because they can meet the challenges of the future with mixed teams better”.
FKi indexed companies 2019:
A total of 42 companies – major international corporations, DAX-listed companies, family-owned businesses and SMEs – have been monitored by the Women’s Career Index, including (in alphabetical order):
Accenture, Berliner Wasserbetriebe, Computacenter AG & Co oHG, Dassault Systemes Deutschland, Erste Group Bank AG, Freudenberg Home and Cleaning Solutions GmbH, Fujitsu Technology Solutions GmbH, GFT Technologies SE, Hewlett Packard Enterprise, Investitions Bank Berlin, Intel Deutschland, Jenoptik AG, Klöckner & Co SE, Lekkerland, Mindshare GmbH, MTU Aero Engines AG, Nestlé Deutschland AG, NTT Data Deutschland GmbH, Porsche AG, ÖBB Infrastruktur, PORR AG, RWE Group, Santander Consumer Bank, Sanofi – Aventis Deutschland GmbH, Stadtwerke München, Theater und Philharmonie Essen GmbH, Vodafone GmbH, Volkswagen Group, ÖSB Group – ÖSB Consulting GmbH und die Österreichische Post AG.